Institutions, Markets and Economic Co-ordination

Linking Development Policy to Theory and Praxis

Datos Bibliográficos

ID3883744
AutoresAndrew Dorward (Wye College, autor de correspondencia), Jonathan Kydd (Wye College, autor de correspondencia), Jamie Morrison (Wye College, autor de correspondencia), Colin Poulton (Wye College, autor de correspondencia)
Año2005
Volumen36
Número1
Páginas1-25
Fecha de publicación2005-01-01
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaDevelopment and Change (JOURNAL)
Identificadores de la revistaISSN: 0012-155X • E-ISSN: 1467-7660
EditorialWiley (PUBLISHER • GB)
DOI10.1111/j.0012-155x.2005.00400.x
OpenAlexW2005357513
IdiomaEN
Citas recibidas20
Referencias citadas25

This article explores policy applications of ‘new institutional economics’ theory in relation to markets and economic development. It argues for application of an analytical framework which instead of looking at institutions primarily in terms of their contributions to making competitive markets work better, sees such markets as one form of institution fulfilling exchange and co-ordination functions in an economy. A key element in this is recognition of the importance of processes of change in non-standard market arrangements in economic development, and there are strong theoretical, practical and historical grounds for more consistent policy in this area

Economic system · Economics · Element (criminal law) · Institution · Institutional economics · Neoclassical economics · New institutional economics · Ordination · Political science · Praxis · Relation (database) · Work (physics) · Economic Theory and Institutions · Economic Theory and Policy · Global Financial Crisis and Policies · Law